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Volvo Cars warns of weaker sales, cash flow
The Swedish automaker said lower sales in China and the United States and 141,609 third-quarter deliveries forced it to drop its full-year outlook.
- Volvo Cars announced on Fri, Oct 2, 2026, it will not fulfil its full-year 2026 outlook for sales volume and cash flow due to an increasingly challenging market and deteriorating near-term outlook.
- Majority-Owned by Geely Holding, the automaker cited, "The decline is primarily driven by further deteriorating market conditions in China," alongside tariffs and high development costs, while Europe remains resilient.
- Third-Quarter sales fell 11% to 141,609 vehicles, causing Volvo shares to drop 4% to a record low of 14.60 kronor; the stock has lost about 50 per cent of its value this year.
- Handelsbanken analyst Hampus Engellau described the retracted targets as unsurprising, noting the market has been "very tough" for the company as management provided no updated guidance.
- Seeking to revive sales in an increasingly competitive market, the company announced last month that Skoda boss Klaus Zellmer will become its chief executive within a year.
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Volvo Car ruled out its projection for the whole year after warning that the challenges in its key markets in China and the United States resulted in smaller sales than expected in the third quarter and weaker prospects. Exclusive material for subscribers. To have full access, access the link of the subject and register.
·Rio de Janeiro, Brazil
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Kreiszeitung+5 Reposted by 5 other sources
Volvo sold 10.7 percent fewer cars in the third quarter than in the previous year. This is the result of the manufacturer's conclusions.
·Syke, Germany
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Volvo Cars is suffering from a weak automotive market in China and the United States. The Swedish automaker struggled with a decline in sales in the third quarter and is now withdrawing its full-year expectations.
·Amsterdam, Netherlands (Kingdom of the)
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Total News Sources45
Leaning Left1Leaning Right11Center11Last UpdatedBias Distribution48% Center, 48% Right
Bias Distribution
- 48% of the sources are Center, 48% of the sources lean Right
48% Right
C 48%
R 48%
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